USD/JPY, Strong Resistance @ 118.852 Zone

29 January 2016, 10:58
Lahcene Ouled Moussa
0
65

  •  US Fed dovish statement out over night did weaken the US dollar . But the dollar has make a fight back  since touching 118.409 the buck has rallied to a high of 118.80. which happen to be a strong resistance zone, where i would expect bears to be waiting in good numbers so we could have fight on our hands to see if the US dollar  continue to push higher. Or will the bears take over pushing the Yen low ( Which would confirm the strength in the Yen )


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